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The Defense Department predicted that a steady stream of humanitarian aid would be arriving in Gaza via the pier by now, but little relief has reached Palestinians in the besieged strip, officials acknowledged this week. Several trucks were looted as they made their way to a warehouse, the U.N. World Food Program said, and the complexity of operating the pier project in a war zone is continuing to slow distribution. Looting of aid trucks has continued, officials said, and forced the World Food Program to suspend operations for two days. The U.N. agency for Palestinian refugees, UNRWA, suspended food distribution in Rafah on Tuesday, citing lack of security. For one thing, White House policy does not allow U.S. troops to be on the ground in Gaza.
Organizations: ., The Defense Department, Food Program, Food, UNRWA, Pentagon Locations: Gaza, Rafah, Kerem Shalom, U.S
"I have friends that say that TikTok Shop has ruined the app," Casey Lewis, a trends researcher, said. "It can be good — especially as TikTok moves to TikTok Shop — if they're able to capitalize on this shift and sell products more effectively to older users." Just because something is going viral on TikTok doesn't necessarily mean Gen Z is behind it. The same could be said of Gen Z, which would explain the generations' shared fascination with a time before smartphones and round-the-clock news. The Gen Z users I spoke with didn't seem particularly concerned about an influx of olds.
Persons: Keara Sullivan, Zers, Rushmore, Sullivan, Ryan Broderick, Adam Bumas, Broderick, TikTok, , Cory Doctorow, it's, Kevin Munger, Doctorow, Casey Lewis, Lewis hasn't, Gen Zers, Jonathan Gelfond, Taylor Lorenz, Lorenz, Munger, Gen Z, Lewis, Stanley, Alpha, Zers —, Gen Alpha, hasn't, millennials, Jason Parham, Leslie Horn Petersen, she's, Gen, didn't, I've, Emilie Friedlander Organizations: New, Pew Research Center, Facebook, Senate, Microsoft, Penn State, Little League, Business, QVC, UC Santa Barbara, The Washington Post, YouTube Locations: New York, tfym, millennials, Brooklyn, Philadelphia
If we apply a multiple of 21.6 on DuPont's business, it puts the enterprise value at $25 billion. So being conservative and using a 20 times multiple, DuPont's water business could have an enterprise value of $7.2 billion. Add these three up and the total enterprise value is about $52 billion. To get the equity value, we subtract the net debt (which is total debt minus cash) from the total enterprise value. If we subtract this from the $52 billion enterprise value, the total equity value could be worth $46.2 billion.
Persons: Ed Breen, DuPont's, Breen, , Jim Cramer's, Jim Cramer, Jim, Dow DuPont, Adam Jeffery Organizations: DuPont, Electric, United Technologies, CNBC, Dow
TikTok plans global layoffs in operations and marketing
  + stars: | 2024-05-22 | by ( Brian Fung | ) edition.cnn.com   time to read: +1 min
CNN —TikTok is planning to lay off large swaths of its operations and marketing workforce, current employees briefed on the plans told CNN. The global layoffs are expected to hit teams that handle user support and communications, as well as content and marketing. TikTok’s current global user operations team will be dismantled as part of the move, and remaining employees will be distributed among the company’s trust and safety, marketing, content and product teams. The layoffs had been in the works for some time, perhaps almost a year, but recent turnover in TikTok’s marketing, trust and safety and operations teams prompted delays, one of the employees told CNN. It is unclear how many TikTok employees could lose their jobs.
Persons: Adam Presser, Zenia Mucha, TikTok Organizations: CNN, The, Brand, Communications Locations: United States
John Chambers, CEO of Cisco, at the 2015 CGI Annual Meeting in New York. Adam Jeffery | CNBCArtificial intelligence will power the stock market for the next decade, former Cisco CEO John Chambers told CNBC on Wednesday. "AI will power the stock market for the next decade," Chambers told CNBC's Karen Tso on the sidelines of the VivaTech conference in Paris. watch nowChambers said 38% of venture capital in the U.S. in the first quarter went into AI stocks. Chambers compared Nvidia's place in the AI market to Cisco's position in the internet market.
Persons: John Chambers, Adam Jeffery, Chambers, CNBC's Karen Tso, Maurice Lévy, Lévy Organizations: Cisco, CNBC, JC2 Ventures, Nvidia Locations: New York, Paris, U.S, Europe
Spain, Norway and Ireland said on Wednesday that they would recognize an independent Palestinian state, a rebuke to Israel over its war in Gaza and its decades of occupation of Palestinian territories. More than 140 countries and the Holy See have recognized a Palestinian state, but most Western European countries and the United States have not. Israel strongly opposes international attempts to recognize a Palestinian state and maintains that Israel needs to negotiate directly with Palestinian leaders on a permanent solution. Mr. Netanyahu has said that establishing a Palestinian state would be an “existential danger” to Israel. Countries that are moving toward recognizing Palestinian statehood argue that doing so would preserve the possibility of a two-state solution for Israelis and Palestinians.
Persons: ” Jonas Gahr, Spain’s, Pedro Sánchez, Benjamin Netanyahu, , Mr, Sanchez, Simon Harris of, Netanyahu, Israel, , Israel Katz, ” Ziad Abu Amr, Aaron Boxerman, Henrik Pryser Libell, Adam Rasgon, Victoria Kim Organizations: Palestinian, West Bank Locations: Spain, Norway, Ireland, Israel, Gaza, Oslo, Palestine, Palestinian, United States
CNN —Manchester United striker Marcus Rashford is one of the most prominent players left out of England’s provisional squad for the upcoming European Championships. On Tuesday, England manager Gareth Southgate announced a 33-man squad which will be whittled down to 26 players for the continental tournament beginning on June 14 in Germany. Rashford, 26, has featured in 60 England games, scoring 17 goals. However, he has struggled for form at club level this season, scoring just eight goals in 42 appearances for United. With Marcus I just feel other players in that area of the pitch have had better seasons,” Southgate told reporters.
Persons: Marcus Rashford, Gareth Southgate, Marcus, ” Southgate, Rashford, Gareth, Jordan Henderson, Reece James, Raheem Sterling, Southgate, Alex Grimm, Henderson, Al Ettifaq, “ Henderson’s, , Kobbie Mainoo, Harry Maguire, Luke Shaw, Harry Kane, Madrid’s Jude Bellingham, Phil Foden, Curtis Jones, Jarell, Crystal Palace’s Adam Wharton, Everton’s Jarrad Branthwaite, James Trafford Organizations: CNN, Manchester United, United, England, , Liverpool, Ajax, Chelsea, Saudi, Arsenal, Bukayo Saka, Burnley Locations: England, Germany, Saudi Arabian, Madrid’s, Manchester, Southgate, Italy
Israel’s Communications Ministry confiscated camera equipment from The Associated Press on Tuesday, claiming the agency had violated a new broadcasting law by providing images of northern Gaza to Al Jazeera. The seizure was an escalation in Israel’s efforts to punish Al Jazeera, the pan-Arab broadcaster that the Israeli government voted to shut down two weeks ago. In a statement, the Communications Ministry said inspectors had gone to a location in southern Israel used by The A.P. reported that Israeli authorities had conveyed a verbal order last week to shut down the live feed, but it did not comply. Al Jazeera has said that Israel’s decision to shutter its operations in the country violated “the basic right to access of information.”
Persons: Al Jazeera, Lauren Easton, , Easton, Al Jazeera’s, Jazeera, Organizations: Israel’s Communications Ministry, Associated Press, Qatari, Communications Ministry, Al Locations: Gaza, Al Jazeera, Israel
Gareth Southgate has named his 33-man provisional England squad for this summer’s European Championship in Germany. Manchester United forward Marcus Rashford has been left out of Southgate’s squad. Rashford and Henderson won’t be part of the England squad this summer (Gaspafotos/MB Media/Getty Images)“Hendo has given himself every chance,” Southgate said. I have talked with him and the medical team are liaising with Manchester United very closely. Midfielders: Trent Alexander-Arnold (Liverpool), Conor Gallagher (Chelsea), Curtis Jones (Liverpool), Kobbie Mainoo (Manchester United), Adam Wharton (Crystal Palace) Declan Rice (Arsenal).
Persons: Gareth Southgate, Marcus Rashford, Southgate, Marcus, ” Rashford, “ Gareth, Jordan Henderson, Henderson, Henderson won’t, Hendo, ” Southgate, hasn’t, Rashford, Mainoo, J ames, juri, Oliver Glasne, siti, ned 82 sen, It w, sid, ter City), Kier, ber, Jack G, Gordon (Newca, o ney, Brent, atkin Organizations: England, Manchester United, , Ajax, UE, nsa, Aston Locations: Germany, England, Jordan, Brazil, Bowen, ayer, Munich, Bosnia, Serbia
S&P 500 and Nasdaq both notch another record close
  + stars: | 2024-05-21 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailS&P 500 and Nasdaq both notch another record closeAdam Crisafulli, Vital Knowledge founder, and Barry Bannister, Stifel chief equity strategist, join 'Closing Bell Overtime' to discuss another record day for the markets.
Persons: Adam Crisafulli, Barry Bannister Organizations: Nasdaq, Vital Knowledge
When members of the Kennedy family joined President Biden in Philadelphia to endorse his re-election — and denounce the presidential candidacy of the best-known Kennedy of this generation, Robert F. Kennedy Jr. — one person stepped forward to make the family’s case: his younger sister Kerry. “Nearly every single grandchild of Joe and Rose Kennedy supports Joe Biden,” Ms. Kennedy said as her siblings, and Mr. Biden, flanked her onstage. “That’s right: The Kennedy family endorses Joe Biden for president.”That was not the first time that Ms. Kennedy, the seventh child of Robert and Ethel Kennedy, had been the face of the family’s pushback against her brother. As Mr. Kennedy has emerged as a skeptic of Covid-19 vaccines and a purveyor of conspiratorial theories on the assassination of his father, it has fallen to Ms. Kennedy to distance her family from the brother she has long held close and to guard the legacy of a proud and private family as it fades from the political stage. It is political as well: She argues that her brother’s insurgent campaign threatens the re-election of Mr. Biden and is aware that her family could shoulder some of the blame should Donald J. Trump return to the White House next year.
Persons: Kennedy, Biden, , Robert F, Kennedy Jr, Kerry, , Joe, Rose Kennedy, Joe Biden, ” Ms, Robert, Ethel Kennedy, Kennedy’s, Mr, Donald J, Trump, White Locations: Philadelphia, Hickory Hill, Va,
cut ties to at least a handful of informants and issued warnings about dozens of others after an internal review prompted by concerns that they were linked to Russian disinformation, current and former U.S. officials said. The review was carried out in 2020 and 2021 by a small group within the bureau’s counterintelligence division, with the findings then passed along to field offices, which handle informants. The review was conducted during and after the 2020 election, when concerns about Russian meddling were running high, and at a time when the United States was closely monitoring whether Russia would invade Ukraine. The episode highlighted a tricky balance: The more access informants have to valuable intelligence, the higher the risk that they could knowingly or unknowingly be used to channel disinformation. This is particularly true with regard to post-Soviet countries, where shifting alliances among oligarchs, politicians and intelligence services have far-reaching consequences that can be difficult for Western governments to discern.
Persons: Locations: Russia, United States, Ukraine
The state’s highly decentralized system of administering voting means that “Michigan has 1,500 elections every big election day,” said Kyle Whitney, the city clerk of Marquette in the state’s Upper Peninsula. ‘We’re all beginners’The new rules in Michigan flow from a constitutional amendment that state voters approved by a wide margin in 2022 that dramatically expanded access to voting. Miller was elected to succeed the previous, term-limited clerk and is overseeing her first presidential election. Deborah Pellow, the part-time clerk of rural Tilden Township in the Upper Peninsula, is also overseeing her first presidential election this year. The next big test for Michigan comes in August, when voters cast primary ballots for congressional, state and local offices.
Persons: Michael Siegrist, Joe Biden, Donald Trump, tabulators, Biden, , Kyle Whitney, ” Whitney, Brennan, , , ” Lori Miller, Miller, “ It’s, Deborah Pellow, Pellow, Adam Wit, , Shira Roza, Carlos Osorio, Angela Benander, Joycelyn Benson, Jacqueline Beaudry, ” Benander, ‘ We’re Organizations: CNN, Ferrari, Republican, Trump, Brennan Center for Justice, Wolverine State, Biden’s, Michigan’s, Democratic, Michigan Association of Municipal, Michigan Locations: Michigan, Canton Township, Antrim County, Marquette, Wolverine, Livonia, Detroit, Wayne County, Tilden Township, Canton, Harrison, Warren , Michigan, Ann Arbor City, Tilden
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Coppola has responded to the negative reaction, expressing his belief that detractors have conspired against him because the film "doesn't play by Hollywood's current rules." AdvertisementHe then dismissed those who had pejoratively called the film a "passion project," stating, "I've never made a film that wasn't a passion project." Little White Lies's David Jenkins wrote that "Megalopolis" is a "celebration of unfettered creativity and farsightedness" and features "a script of toe-tapping word-jazz." To fund "Megalopolis" Coppola sold a significant share of his Northern California wine empire, according to GQ.
Persons: , Francis Ford Coppola's, Adam Driver, Aubrey Plaza, Jon Voight, Laurence Fishburne, Romy Mars, Sofia Coppola, Coppola, I've, Nathalie Emmanuel, Esther Zuckerman, Peter Bradshaw, Jessica Kiang, White, David Jenkins, Deadline's Damon Wise, Darren Demetre Organizations: Service, Cannes, Business, Air, Daily, GQ, Guardian Locations: Rome, Northern California
Insider Today: Google's big shakeup
  + stars: | 2024-05-19 | by ( Matt Turner | ) www.businessinsider.com   time to read: +4 min
Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. If you're interviewing for a job in the coming weeks, check out these five questions to ask at the end. Roaring Kitty; Getty Images; Alyssa Powell/BIThis week's dispatchInvestors go back to the futureAdvertisementStocks hit record highs. And with bitcoin hovering near record highs and the crypto winter seemingly behind us, crypto companies are on the front foot once more. Erdinhasdemir/Getty Images, Choness/Getty Images, Abanti Chowdhury/BIThe hottest jobs right now are blueWant a six-figure salary?
Persons: , Kitty, Alyssa Powell, Keith Gill, Brandon Celi, Abanti Chowdhury, Jobs, Richard A, Rick Doblin, Sundar Pichai Mateusz, Chelsea Jia Feng Google's, shakeup, Sundar Pichai, Pichai, Adam Selipsky's Organizations: Service, Business, Dow, Consumers, Walmart, UPS, FDA, Getty Images, Google, Amazon Locations: Ukraine, East, Silicon
CNN —American golfer Xander Schauffele won the 106th PGA Championship on Sunday, holding off compatriot Bryson DeChambeau in a nail-biting finale to clinch a long-awaited first major title. A final round six-under 65 was just enough to clinch a maiden major title for Schauffele, shredding his unwanted title as one of the most talented golfers to never win one of golf’s four flagship events. Andrew Redington/Getty ImagesDeChambeau laments his ‘B’ gameA fired up DeChambeau played a near-perfect round to push Schauffele to the death, shooting a bogey-free 64 as he hunted a second major crown. 1 and tournament favorite Scottie Scheffler before Friday’s second round. Scheffler escapes a bunker during the final round.
Persons: Xander Schauffele, Bryson DeChambeau, LIV Golf’s DeChambeau, Schauffele, Wanamaker, “ It’s, I’ve, , ” “, , Andrew Redington, DeChambeau, Xander, ” DeChambeau, , Norway’s Viktor Hovland, Collin Morikawa, bogeying, Belgium’s Thomas Detry, Scottie Scheffler, Scheffler, Adam Cairns, Reuters “ I’m, ” Scheffler, Schauffele’s bogeyless, Hovland, lasering, , birdies, Scott Taetsch, LIV Organizations: CNN, 106th, Valhalla Golf Club, Masters, Reuters, PGA, Pinehurst, Country Club, America Locations: American, Louisville , Kentucky, Lousville, USA, Texas, North Carolina, Valhalla, Hovland
CNN —On any other afternoon at any other tournament, Adam Hadwin’s seventh hole would have served up the most surreal scenes of the day. During the second round of the PGA Championship though, it was just another hole. Having lost his club to the waters of Kentucky’s Valhalla Golf Club on Friday, the Canadian golfer stood by as one overzealous fan took the plunge to return it to him. Yet there was no happy ending to the hole for Hadwin, who went on to make bogey on the par-five. How exactly the club ended up in the lake remains unclear, but the one-time PGA Tour winner has previous.
Persons: Adam Hadwin’s, Jessica, Xander Schauffele, Hadwin, Nick Taylor’s, Scottie Scheffler, Scheffler, Patrick Smith, ” Scheffler, “ I’ve, , Hadwin’s, Organizations: CNN, Golf Locations: Louisville
The news comes days after both team leaders, OpenAI co-founder Ilya Sutskever and Jan Leike, announced their departures from the Microsoft-backed startup. OpenAI's Superalignment team, announced last year, has focused on "scientific and technical breakthroughs to steer and control AI systems much smarter than us." "I joined because I thought OpenAI would be the best place in the world to do this research," Leike wrote on X. Leike wrote that he believes much more of the company's bandwidth should be focused on security, monitoring, preparedness, safety and societal impact. The update brings the GPT-4 model to everyone, including OpenAI's free users, technology chief Mira Murati said Monday in a livestreamed event.
Persons: Sam Altman, OpenAI, Ilya Sutskever, Jan Leike, OpenAI's, Leike, Altman, Sutskever, Helen Toner, Tasha McCauley, Adam D'Angelo, Ilya, Jakub Pachocki, Mira Murati, Murati Organizations: OpenAI, Hope, CNBC, Microsoft, Wired, Tuesday, Wall Street Locations: Atlanta, Leike, OpenAI
It is a tale as old as Adam and Eve: A husband, faced with accusations of misconduct, blames the wife. It is also a time-honored, bipartisan political strategy. This week, Justice Samuel A. Alito Jr. and Senator Bob Menendez of New Jersey pointed ringed fingers at their wives for episodes that have landed each man in political or legal trouble. The justice’s wife, Martha-Ann Alito, was in a feud with neighbors at the time over an anti-Trump sign, The Times reported. In the case of Mr. Menendez, a Democrat, it was his lawyer who did the finger pointing.
Persons: Adam, Samuel A, Alito Jr, Bob Menendez, Alito, , Donald J, Trump’s, Biden’s, Martha, Ann Alito, Menendez, Avi Weitzman Organizations: Bob Menendez of New, New York Times, Times, Democrat Locations: Bob Menendez of, Bob Menendez of New Jersey, Manhattan
The Supreme Court rejected a challenge on Thursday to the way the Consumer Financial Protection Bureau is funded, one that could have hobbled the bureau and advanced a central goal of the conservative legal movement: limiting the power of independent agencies. The vote was 7 to 2, with Justice Clarence Thomas writing the majority opinion. “Under the appropriations clause,” he wrote, “an appropriation is simply a law that authorizes expenditures from a specified source of public money for designated purposes. The statute that provides the bureau’s funding meets these requirements. We therefore conclude that the bureau’s funding mechanism does not violate the appropriations clause.”
Persons: Clarence Thomas, Thomas, Organizations: Consumer Financial, Treasury
The best fashion at Cannes Film Festival so far
  + stars: | 2024-05-16 | by ( Leah Dolan | ) edition.cnn.com   time to read: +2 min
Gisela Schober/German Select/Getty ImagesGreta Gerwig in Armani Privé, May 15. Gisela Schober/German Select/Getty ImagesAnya Taylor-Joy in Dior couture, May 15. Gisela Schober/German Select/Getty ImagesSabrina Dhowre Elba in Fendi couture, May 15. Lionel Hahn/Getty ImagesJuilette Binoche in Dior couture, May 14. Gisela Schober/German Select/Getty ImagesMeryl Streep in Dior couture, May 14.
Persons: “ Barbie, Greta Gerwig, Lily Gladstone, James Bond, Eva Green, Juan Antonion Bayon, Ebru Ceylan, Francis Ford Coppola’s, , , Adam Driver, Aubrey, Mad Max, Anya Taylor, Lanthimos, Emma Stone, Hunter Schafer, Joe Alwyn, Margaret Qualley, Keke Palmer, We’ve, Taylor, Joy, Naomi Campbell, Pascal Le Segretain, Chanel, Gisela Schober, Armani Privé, Sabrina Dhowre Elba, Ernesto Ruscio, Cindy Bruna, Samir Hussein, Vicky Krieps, Lionel Hahn, Meryl Streep, Dior, Mike Marsland, Neilson Barnard Organizations: CNN, haute, Getty Locations: Spanish, Turkish, France, Armani, couture, Fendi couture, Laruicci, Bottega Veneta, Dior couture, Gucci, Maison Margiela
But the roots of the commission’s decline go back at least a decade and came to a head in 2020, when the commission struggled to stage a debate with Mr. Trump and Mr. Biden during the pandemic. The candidates’ first encounter that year was caustic and raucous, as Mr. Trump shouted over Mr. Biden and the moderator. As it later turned out, Mr. Trump had a Covid diagnosis days before the event, leading to strong objections from the Biden campaign to the commission. The second debate was canceled by Mr. Trump after the commission sought to make it virtual because Mr. Trump was recovering from the illness. By the third debate, the commission gave the moderator a mute button to cut off a candidate who broke the rules.
Persons: Biden, Donald J, Trump, , I’ve, Chris Wallace Organizations: Mr
CNN —Almost 30 years since booming his last slapshot drive, golf’s angriest champion is stomping back to the tee box. A sequel to “Happy Gilmore” is in the works, Netflix announced in a post on X Wednesday, with Adam Sandler reprising his role as the comedy classic’s neurotic titular star. Standing in Gilmore’s way is arch-nemesis Shooter McGavin, played by Christopher McDonald, who in March teased that Sandler was working on a sequel script. “The funny thing is that there are so many non-golfers who would know what the ‘Happy Gilmore swing’ is or they’ve watched the film,” Ladies European Tour winner Amy Boulden told CNN’s Living Golf in 2021. They’ve watched the movie and then they’ll go to the driving range and just try to replicate that iconic golf swing.”
Persons: golf’s, Happy Gilmore ”, Adam Sandler, Sandler, Shooter McGavin, Christopher McDonald, , ” McDonald, , Julie Bowen, Frances Bay, Kevin Nealon, Carl Weathers, McDonald, Bowen, Weathers, Chubbs ” Peterson, ” Sandler, … Carl, Amy Boulden, it’s, They’ve Organizations: CNN, Netflix, Universal, Everett,
The House vote has seemingly been partly designed to put pressure on Democrats and is expected to expose divisions within the party over the issue. The bill is unlikely to be taken up in the Democratic-led Senate and the White House has said that Biden would veto the bill if Congress passed it. The Biden administration on Tuesday began the early stages of a process to move ahead with a new $1 billion arms deal for Israel, according to two congressional sources. The move comes as the Biden administration has paused the shipment of 2,000-pound bombs and 500-pound bombs to Israel, citing opposition to the weapons being used in the densely populated areas of Rafah. Biden has come under extraordinary pressure, including from some members of his own party, to limit shipments of arms amid a humanitarian crisis in Gaza.
Persons: Joe Biden, Biden, CNN’s Erin Burnett, Benjamin Netanyahu, Israel ”, Adam Smith, , ” Smith, , Kevin Liptak, Kylie Atwood Organizations: CNN, GOP, Congress, State Department, Defense Department, National Security Council, Democratic, White, Tuesday, House Democratic, Hamas, Israel, ” Democratic, House Armed Services Committee Locations: Israel, Gaza, United States, Rafah
The league ended its exclusive window to renew a deal with its two current media partners, Disney and Warner Bros. Warner Bros. Warner Bros. Warner Bros. Warner Bros.
Persons: Adam Silver, it's, NBCUniversal, NBCUniversal's, Warner, David Zaslav, Organizations: National Basketball Association, Warner Bros, Turner Sports, Comcast, CNBC, Disney, NBA, Discovery, Warner Bros . Discovery Locations: Cleveland , Ohio
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